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Jobless Claims in U.S. Decline to Lowest Level in a Month
Applications for unemployment benefits fell more than forecast last week as claims moved closer to a four-decade low that shows a resilient labor market. First-time jobless claims dropped by 12,000 in the week ended Nov. 21 to 260,000, the fewest in a month, a Labor Department report showed Wednesday. The number of claims reached 255,000 in mid-July, the lowest since December 1973. Companies are limiting dismissals as a tighter labor market has made it more difficult to attract and keep skilled laborers. Payrolls increased in October by the most in 10 months while the unemployment rate fell to a seven-year low, ... (full story)